The Country Manager for Microsoft Nigeria stated to the media that companies were losing up to 80 percent of their profits due to software piracy in the country. In addition to the lost profit, companies and consumers were force to spend additional time and money in addressing the security problems raised from pirated, unlicensed software.
Officials from Microsoft calculate that consumers in Nigeria would spend 1.5 billion hours dealing with pirated software in 2013. They will also spend up to $22 Billion repairing issues arising from malware that is able to infect computers from unlicensed software.
Source: Adeyemi Adepetun and Gbenga Salau, “‘Firms lose 80 per cent of profits to piracy, others’,” Guardian (Nigeria), March 10, 2013.